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Real Estate Prices & Overview

Progreso Lakes median real estate price is $208,197, which is more expensive than 31.9% of the neighborhoods in Texas and 23.0% of the neighborhoods in the U.S.

The average rental price in Progreso Lakes is currently $1,591, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.7% of Texas neighborhoods.

Progreso Lakes is a remote neighborhood (based on population density) located in Progreso, Texas.

Progreso Lakes real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Progreso Lakes neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Progreso Lakes. The current real estate vacancy rate here is 17.5%. This is higher than the rate of vacancies in 82.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Progreso, the Progreso Lakes neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Progreso Lakes neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 4.8% of the workforce so employed, this neighborhood has a greater concentration of such workers than 96.6% of U.S. neighborhoods.

Diversity

Did you know that the Progreso Lakes neighborhood has more Mexican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 95.7% of this neighborhood's residents have Mexican ancestry.

Progreso Lakes is also pretty special linguistically. Significantly, 84.7% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 99.1% of all U.S. neighborhoods.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. More residents of the Progreso Lakes neighborhood live here today that also were living in this same neighborhood five years ago than is found in 97.1% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Progreso Lakes neighborhood in Progreso are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 63.4% of U.S. neighborhoods. With 30.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 81.5% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Progreso Lakes neighborhood, 32.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 25.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (18.6%), and 18.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Progreso Lakes neighborhood is Spanish, spoken by 84.7% of households. Some people also speak English (15.2%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Progreso Lakes neighborhood in Progreso, TX, residents most commonly identify their ethnicity or ancestry as Mexican (95.7%). There are also a number of people of Irish ancestry (2.7%), and residents who report English roots (1.3%), and some of the residents are also of German ancestry (1.2%). In addition, 17.5% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Progreso Lakes neighborhood spend under 15 minutes commuting one-way to work (38.3% of working residents), one of the shortest commutes across America.

Here most residents (80.8%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (5.9%) and 5.5% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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